The company reported net income of $913 million for Q4 2024, or $4.43 per share, which includes a pre-tax insurance benefit of $255 million, or $0.93 per share. In the prior year period, net income was $711 million, or $3.28 per share.

1. 01

   The company reported net income of $913 million for Q4 2024, or $4.43 per share, which includes a pre-tax insurance benefit of $255 million, or $0.93 per share. In the prior year period, net income was $711 million, or $3.28 per share.

2. 02

   The company said home sale revenues for Q4 2024 increased 13% over the prior year to $4.7 billion. Closings increased 6% to 8,103 homes. Home sale gross margin was 27.5%, compared with 28.9% in the prior year period.

3. 03

   The company reported net new orders for Q4 of 6,167 homes valued at $3.5 billion. Unit backlog as of December 31, 2024 was 10,153 homes, compared with 12,146 homes at the end of the prior year.

4. 04

   The company repurchased 2.5 million shares for $320 million in Q4 2024. The Board of Directors approved a $1.5 billion increase to the share repurchase authorization, bringing remaining authorization to $2.1 billion. Cash at quarter end was $1.7 billion, and the debt-to-capital ratio was 11.8%.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.